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Medellín’s new mayor Daniel Quintero appointed attorney Álvaro Guillermo Rendón López as the new general manager of Colombia’s largest utility company Empresas Públicas de Medellín, or EPM. Rendón was installed on January 2, replacing outgoing engineer Jorgé Londoño De La Cuesta,...

Colombia’s economy continues to grow, and the country attracts more foreign direct investment every year. Just this October, over a billion US dollars in FDI was announced at investment Promotion Agency ProColombia’s 2019 Investment Summit. Colombia’s capital of 9 million souls,...

Banco de Bogotá has reached an agreement with Multi Financial Group (MFG), Panama’s eighth largest banking group by assets, to acquire 100% of its common capital for about $730 million dollars in an all-cash transaction. The proposed acquisition will add $5 billion to Banco...

In the first half of 2019, the number of international visitors passing through Colombian immigration continues its upward trend, with 2,865,070 foreign nonresident visitors between January & August, according to Colombia’s Ministry of Commerce, Industry & Tourism...

Chevron Petroleum (NASDAQ: CVX), in conjunction with Colombia’s Green Heart Foundation (Fundación Corazón Verde), local construction company Constructora Capitál and the U.S. Embassy donated this week a new home in the Medellín suburb of Sabaneta to the widow and child of fallen...

Avianca: "Our business may not succeed even if the Re-profiling Plan is successful and the Stakeholder Investment is consummated."

PriceSmart, Inc. (NASDAQ: PSMT) today announced that on August 21, 2019, it acquired approximately 111,000 square feet of land in the far north of the capital city, Bogotá upon which the company plans to construct its 47th warehouse club.  This club will be located within the...

FRISS and Guidewire Software, Inc. (NYSE: GWRE) announced last week that SURA Colombia (SURA) has deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. According to FRISS, SURA Colombia is the first...

Avianca Holdings S.A.,  (NYSE: AVH) (BVC: PFAVH), through its subsidiaries Grupo Taca Holdings Limited and Nicaraguense de Aviacion S.A., closed the sale of its shares in Turboprop Leasing Company Ltd., parent company of the Costa Rican airline Servicios Aéreos Nacionales S.A...

“Like everything a success”, said event organizer Guillermo Pajón. Colombiá’s Feria de las 2 Ruedas motorcycle industry event offered something for everyone: Industry businesspeople, importers, exporters from around the world, and on the last two days of the expo,...